The Piramal group has completed the acquisition of Dewan Housing Finance Corporation Ltd (DHFL) by paying Rs 34,250 crore to the creditors of the housing finance company. This marks the first su...

The financial creditors of Dewan Housing Finance Corporation Ltd (DHFL) will reportedly get paid over the next few days as the Piramal group moves towards completing the acquisition of the mortgage le...

The Supreme Court on Monday held that a CoC-approved resolution plan submitted to the National Company Law Tribunal (NCLT) cannot be modified or withdrawn as it would create another tier of negotiatio...

The Khaitans of McLeod Russel India Ltd and P.P. Gupta of Techno Electric & Engineering Company Ltd are close to reaching a settlement, raising the hope that India’s largest bulk tea produce...

The corporate affairs ministry is working with the finance ministry, the Reserve Bank of India and the Indian Banks’ Association (IBA) on the issue of the conduct of the committee of creditors u...

The National Company Law Appellate Tribunal has admitted an application filed by Aditya Khaitan, the promoter of tea planter McLeod Russel India Ltd (MRIL), seeking a stay on the formation of a commit...

In his book on Zoroastrian scripture, Rohinton Nariman writes evocatively about Spenta Mainyu, the holy spirit that shows man the path to truth. As judge of the Supreme Court of India, Justice Na...

The country’s insolvency and bankruptcy code needs a complete overhaul to ensure lenders do not take haircuts beyond a benchmark and offers that come after lenders have selected the highest bidd...

The Rajya Sabha on Tuesday passed the Insolvency and Bankruptcy Code (Amendment) Bill, 2021 following a brief discussion amid ruckus created by Opposition parties over the Pegasus snooping row and oth...

Venugopal Dhoot, former promoter of the Videocon group, has moved the National Company Law Appellate Tribunal (NCLAT) against an order of the National Company Law Tribunal (NCLT) which in June had app...